Wema Bank Grows Profit Before Tax By 196% In Year 2023

The Wema Bank Plc has grown its profit before tax by 196 percent as it announces a full year 2023 audited financial statement. According to reports made available to journalists, the bank recorded Profit before tax growth of 196% from ₦14.75bn to ₦43.59 billion. Proposed dividend per share of 50kobo; up from 30kobo in 2022. Deposit growth of 60% to ₦1,860.57bn from ₦1,165.93bn reported in FY 2022. Return on Equity (ROAE) of 39.28%, NPL of...

Tinubu Signs Amended Student Loan Bill Into Law

President Bola Tinubu has signed into law the Student Loans Access to Higher Education Bill, following some amendments to it. The Presidential assent according to the report is sequel to separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and Tertiary Education Trust Fund (TETFund). Recall that the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, generated some controversies regarding...

Insecurity: Gov Ododo Inaugurates Metro Quick Response Squad

Governor Ahmed Usman Ododo of Kogi State  on Wednesday launched a Security outfit code named” Metropolitan Quick Response Squad” in a bid to tackle crime across the major cities in Kogi State. According to the Governor,  the initiative is in partnership with the Rapid Response Squad of the Nigeria Police and the joint task force of Security Agencies in the state. At the flag off of the initiative at the government house in Lokoja, Ododo...

Abuja Commissioner Of Police Storms Kidnappers Hideouts In Apo

..As Couple Found Dead In Apo Estate The Commissioner of Police,  Federal Capital Territory (FCT) Police Command, CP Benneth Igweh has stormed a suspected kidnappers hideout at the hills and thick bushes surrounding Zone A and B of Apo-resettlement and its environs.  A press statement on Wednesday signed by the Command’s Spokesperson, SP Josephine Adeh noted that, the CP stormed the area on, “1st April, 2024, at about 11 am, to put in place some security...

Insecurity: Gov Ododo Inaugurates Metro Quick Response Squad

Governor Ahmed Usman Ododo of Kogi State  on Wednesday launched a Security outfit code named” Metropolitan Quick Response Squad” in a bid to tackle crime across the major cities in Kogi State. According to the Governor,  the initiative is in partnership with the Rapid Response Squad of the Nigeria Police and the joint task force of Security Agencies in the state. At the flag off of the initiative at the government house in Lokoja, Ododo...

Police Arrest Man For Defiling Underage Boy in Rivers

A 40 year old man identified as Chigozie Okpara, a native of Imo State has been arrested by the Police in Rivers State for allegedly defiling an underage boy in Port Harcourt, the Rivers State capital. Report has it that the suspect was caught in the act by neighbours after he lured the minor with food and snacks to his house in Okujagu community, Trans Amadi axis of Port Harcourt on Sunday night. A reliable...

Deputy Speaker HoR Discloses Efforts Are Under Way For Nnamdi Kanu’s Release

…Says S/East Development Com Bill Has Passed Third Reading Rt. Hon. Benjamin Kalu, Deputy Speaker House of Representatives has disclosed that efforts are ongoing to secure the release of the leader of the Indigenous Peoples of Biafra, Mr Nnamdi Kanu. According to Kalu, while the court processes are ongoing, political solutions are in progress as well. Kalu in a press statement issued by his Chief Press Secretary, Mr Levinus Nwabughiogu, was quoted as saying on...

Ortom Challenges Alia to Show Proof He  Inherited Ghost Schools, Workers

Former Governor of Benue State, Samuel Ortom has challenged Governor Hyacinth Alia to make public his claim that he inherited more ghost schools and workers in Benue State than real ones, describing the allegations as false. A press statement signed by Terver Akase, Media Aide to the former Governor stated that it was untrue that the arrears of workers’ emoluments in the state was in the region of hundreds of billions. Akase, who declared as...

Organization Tells NAHCON, States to Disclose BTA Of Prospective Pilgrims

A Civil Society Organisation (CSO), Independent Hajj Reporters (IHR) has asked the National Hajj Commission of Nigeria, (NAHCON), the States Muslim Pilgrims Welfare Boards and Agencies to disclose how much the Hajj 2024 intending pilgrims would receive as Basic Travel Allowance (BTA). According to IHR, it has become necessary to draw the attention of the NAHCON and state Hajj agencies that the 2024 Hajj fare they announced so far didn’t indicate the amount that will...

PDP: N/Central Sets To Replace Ayu, Damagum With Substantive Chairman

….Demands To Serve Out Its Term The North Central caucus of the Peoples Democratic Party (PDP) has made relevant arrangements to produce a substantive National Chairman to replace Sen. Iyorcha Ayu, who was sacked since last year, as well as the acting National Chairman, Amb. Umar Damagum. Recall that the position of the National Chairman of the Party is allotted to the North Central, but since the removal of Ayu, Damagum, who is the Deputy...

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